Sunday, April 10, 2011

On April 2, 1792, U. S. Secretary of the Treasury Alexander Hamilton reported to Congress the precise amount of silver found in Spanish milled dollar coins in common use in the States. As a result, the United States Dollar was defined as a unit of weight equaling 371 4/16th grains (24.057 grams) of pure silver, or 416 grains of standard silver (standard silver being defined as 1,485 parts fine silver to 179 parts alloy). It was specified that the “money of account” of the United States should be expressed in those same “dollars” or parts thereof.

About Me

Puck T. Smith is the nom de plume of a man who wishes to live his life in peace and obscurity while at the same time sharing the insights he has acquired through both suffering and joy in more than half a century of living in this world of terrible tragedy, radiant beauty and dizzying possibilities.